Exxon's 2030 Targets Call for $35 Billion More in Cash Flow. Here's the Milestone That Tells You It's on Track By 2028.
Exxon is leaning into growth, but a significant portion of that growth will come from one place.
ExxonMobil has announced ambitious targets for 2030, seeking to boost earnings by $25 billion and cash flow by $35 billion. However, with those goals still years away, it's crucial to monitor the company's progress towards achieving them, particularly in relation to its Permian business. Onshore U.S. drilling, specifically in the Permian Basin, has become a key area of focus for Exxon.
In late 2023, the company disclosed plans to acquire Pioneer Natural Resources, a major U.S. drilling firm with a significant presence in the Permian region. The acquisition of Pioneer Natural Resources is expected to double Exxon's footprint in the Permian Basin, enhancing the company's upstream portfolio.
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